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If you are not familiar with Edmonton, it is hard to know which neighbourhood is the best for you. Unlike most cities, income demographic communities are sparatic here. It is common to have house prices range by over a million dollars throughout several of our neighbourhoods. It is also common to have a high crime rate only a few blocks away from a low crime rate community. To learn more about each community, feel free to browse each community content.
If you are a nature lover, Edmonton offers several low crime, river valley communities filled with walking trails and bike paths in the southwest enjoy spending time outdoors observing wild animals and plants. If you prefer to be beachfront, go fishing, take out the boat, or be near the water on a daily basis, view homes for sale in Parkland County and Summerside.
Residential home sales in Edmonton are up according to the Realtor Association of Edmonton who is awesome at keeping track of residential property sales for Edmonton real estate companies including Remax, who sells 33% of the properties in our municipality and 79% in Sherwood Park, Alberta.
For the month of May, house sales were up 60.08% and condominiums sales increased by 28.14% from April 2020. However, there was a decrease of 4.04% in these home prices compared to last year. With the low-interest rates, recent qualifying changes in CHMC and the re-opening of open houses, Edmonton is sure to have a busy summer holding Edmonton house prices steady.
Taking into consideration what is happening economically in Canada, this is also a fantastic time to invest in commercial real estate with a surplus of vacant buildings. View more Edmonton house price statistics.
The Magrath Mansion is a two and one half-storey historical building situated on a large Highlands city lot overlooking the North Saskatchewan River providing amazing views year-round. It was built between 1912 and 1913 with a stately design strongly influenced by the Georgian Revival and Neoclassical architectural styles. The heritage value of the Magrath Mansion lies in its association with Edmonton's pre-World War One building boom.
Prominent features of the Magrath Mansion include the symmetrical front facade, two-storey colonnade supported by robust classical columns, hipped roof with gable dormers, and wraparound porch and balcony that expresses in its lavishness and scale the ebullient optimism.
In the years between the creation of the Province of Alberta in 1905 and the outbreak of World War One in 1914, Edmonton experienced substantial real estate, commercial and economic growth. Among the most significant figures during this time period were Bidwell Holgate and William J. Magrath,...
Tips for Buying During COVID-19
1. Check out virtual Open Houses
If you were planning on visiting an open house during this pandemic - sorry not allowed. There are however online virtual tours you can take advantage of. We know its not quite the same, so if you really want to view a property, contact us and we will ensure all precautions are in place while viewing.
2. It's a Blessing in Disguise
Timing is everything when it comes to money, this is a perfect time to be purchasing any real estate from single-family homes to rental investments to leasing commercial property. There are some sellers who need to sell their houses and are willing to take a loss. Plus interest rates right now in Canada are unbeatable.
Tips for Selling Edmonton During COVID-19
1. Don't Rely on Virtual Evaluations
Pricing is everything right now. An experienced Realtor...